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    Toronto / Midtown / Forest Hill South

    1607 - 40 Richview Rd

    For SaleHumberview Heights Condos
    $725,000
    2 Beds
    2 Bath
    1 Parking
    1,322 SQFT
    40 Days on Strata
    Est Sell Timeframe
    43 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $1,165/mth
    Taxes:
    $2,432 (2024)
    Cost Per Sqft:
    $548/sqft
    Locker:
    Owned
    Outdoor Space:
    None
    Exposure:
    South West
    Possession Date:
    To Be Determined
    Laundry:
    In Area
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    None

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Open Concept, Hardwood Floor
    20.67 x 15.68ft
    Dining
    Open Concept, Hardwood Floor
    11.58 x 9.15ft
    Kitchen
    Open Concept, Modern Kitchen, Stainless Steel Appliances
    15.91 x 11.58ft

    About this Listing

    This spacious 2-bedroom, 2-bathroom condo offers a blend of comfort, convenience, and luxury. With an open-concept layout, this unit is filled with natural light, creating a bright and welcoming atmosphere. The modern kitchen is beautifully designed with sleek finishes, perfect for cooking and entertaining. The primary bedroom features a stunning ensuite, providing a private retreat within the home.Located close to shopping, schools, public transit, and a nearby park, this condo ensures everything you need is within reach. Building amenities are top-notch, including a concierge service, a well-equipped gym, guest suites for visitors, a tennis court, and an indoor pool for year-round enjoyment. The unit also includes one dedicated parking space, adding to its convenience. This condo offers a perfect balance of modern living and prime location, ideal for those seeking comfort and an active lifestyle.

    ExtrasAll utilities is included with maintenance fees .

    homelife kingsview real estate inc.MLS® #W10425852

    Amenities

    Visitor Parking
    Concierge
    Games Room
    Tennis Court
    Media Room
    Car Wash

    Explore Neighbourhood

    4/10
    Walkability
    Halfway to a walker's paradise, you might want to invest in a hoverboard.
    6/10
    Transit
    Getting more reliable. You might even snag a seat on the morning commute!
    6/10
    Bikeability
    You'll have a love-hate relationship with your gears. Mostly hate.

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    7,192
    Average Individual Income
    $60,292
    Average Household Size
    3 persons
    Average Age
    40
    Average Household Income
    $111,861
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    21%
    35 - 49
    17%
    50 - 64
    23%
    65+
    21%
    Household Income
    $0 - $30,000
    50%
    $30,000+
    26%
    $60,000+
    12%
    $90,000+
    6%
    $125,000+
    3%
    Housing Types & Tenancy
    Detached
    49%
    Low Rise Apartment
    15%
    High Rise Apartment
    15%
    Semi Detached
    12%
    Duplex
    6%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    57%
    Mandarin
    14%
    Cantonese
    11%
    Other
    10%
    Tagalog
    3%
    Tamil
    3%
    Spanish
    1%
    Urdu
    1%
    Education
    University and Above
    28%
    High School
    27%
    None
    18%
    College
    17%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    20%
    Health & Related Fields
    12%
    Social Sciences
    10%
    Humanities
    7%
    Physical Sciences
    5%
    Math & Computer Sciences
    5%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    2%
    Agriculture & Natural Resources
    1%

    Price Trends

    Maintenance Fees

    Humberview Heights Condos vs The Forest Hill South Area

    Building Trends At Humberview Heights Condos

    Days on Strata

    Units at Humberview Heights Condos spend an average of
    41
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    6%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Forest Hill South

    Turnover of Units

    On average, each unit is owned for
    15.7
    YEARS before being sold again

    Property Value

    -3%
    Decrease in property value within the past twelve months

    Price Ranking

    10th
    Highest price per SQFT out of 23 condos in the Forest Hill South area

    Sold Units

    7
    Units were Sold over the past twelve months

    Rented Units

    1
    Units were Rented over the past twelve months

    Best Value Rank

    Humberview Heights Condos offers the
    ?
    best value out of 23 condos in the Forest Hill South neighbourhood

    Appreciation Rank

    Humberview Heights Condos has the
    ?
    highest ROI out of 23 condos in the Forest Hill South neighbourhood

    Rental Yield

    Humberview Heights Condos yields the
    ?
    highest rent prices out of 23 condos in the Forest Hill South neighbourhood

    High Demand

    Humberview Heights Condos is the
    ?
    most popular building out of 23 condos in the Forest Hill South neighbourhood

    Transaction Insights at 40 Richview Road

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price RangeNo DataNo Data$626,000 - $690,000$605,000 - $680,000$899,900$755,000
    Avg. Cost Per SqftNo DataNo Data$547$535$526$461
    Avg. Wait for Unit Availability371 Days524 Days61 Days273 Days220 Days368 Days
    Ratio of Units in Building12%7%54%8%21%1%

    Transactions vs Inventory

    Total number of units listed and sold in Forest Hill South